Affordable Housing

Rendering of 483 Herkimer Street - Urban Architectural Initiative (UAI)

Bed-Stuy’s Herkimer Gardens Awarded Financing Under Cuomo Affordable Housing Initiative

In an exciting announcement from the Office of Governor Cuomo, the state has awarded development rights and construction funding for four new housing projects that will collectively create more than 2,700 affordable-supportive residential units. Herkimer Gardens, located at 483 Herkimer Street in Bed-Stuy, Brooklyn, is one of the projects to receive funding and approvals from the Governor’s $1.4 billion “Vital Brooklyn” housing initiative.

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Betances Residence - COOKFOX Architects

Local Non-Profit Begins Work on Supportive Housing Project at 443 East 142nd Street in Mott Haven, The Bronx

Breaking Ground, New York’s largest supportive housing provider, is set to begin construction this week on Betances Residence, a new supportive, affordable housing property at 443 East 142nd Street in Mott Haven, The Bronx. Designed by COOKFOX, Betances Residence is expected to debut in 2021 and will contain 152 units for the formerly homeless and low-income seniors.

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22-60 46th Street Astoria(Rendering Looking North) - Mega Realty Holding, Pancyprian Association

Developers Reveal a Two-Building Mixed-Use Development at 22-60 46th Street in Astoria, Queens

Mega Realty Holding and the Pancyprian Association are working in partnership to develop a new mixed-use property at 22-60 46th Street in the Ditmars-Steinway section of Astoria, Queens. Pending approvals from the city’s Department of Buildings, the development would yield 173,000 square feet of affordable and market-rate rentals, retail, and a small performance venue for the Cyprian and Hellenic communities.

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Rendering of Austin 147 (SLCE Architects)

Dunn Development Corp. Secures Financing for 100-Percent Affordable Housing Development at 880 East 147th Street in the South Bronx

Dunn Development Corp. recently secured $37 million in construction financing for Austin 147, an 80-unit supportive and affordable housing block at 880 East 147th Street in the Mott Haven neighborhood of the South Bronx. CAMBA, a Brooklyn-based nonprofit organization, will provide supportive services to the clients who reside in the building after it’s completed. The new property is expected to debut by summer 2021.

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